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Exhibit 99

                                                               PR NEWSWIRE

               NORTH EUROPEAN OIL ROYALTY TRUST ANNOUNCES EARNINGS
               FOR THE THIRD FISCAL QUARTER & THE NINE-MONTH PERIOD

Red Bank, N.J.  August 14, 2006 -- North European Oil Royalty Trust
(NYSE-NRT) announced that Trust net income for its third fiscal quarter ended
July 31, 2006 was $7,140,701, an increase of 36.8% from the prior year's
equivalent period.  Net income for the nine-month period ended July 31, 2006
was $23,147,752, an increase of 43% from the prior year's equivalent period.
Cumulative distributions for the twelve-month period including the quarter
just ended totaled $2.92 per unit.

The significantly higher average gas prices under both higher and lower
royalty rate agreements are the primary reason behind the significant
increase in royalty income for the quarter. The higher gas prices along with
higher overall gas sales and higher average exchange rates more than offset
the decline in gas sales under the higher royalty agreement covering western
Oldenburg.


                    NORTH EUROPEAN OIL ROYALTY TRUST - (Unaudited)
                    ----------------------------------------------

Quarter Ended                         7/31/06                 7/31/05
-------------                      -----------             -----------

German Royalties Received          $ 7,312,458             $ 5,419,524
Net Income                           7,140,701               5,219,675
Net Income Per Unit                   $ 0.78                  $ 0.57
Distributions Per Unit                $ 0.77                  $ 0.57

Nine Months Ended                     7/31/06                 7/31/05
-----------------                  -----------             -----------

German Royalties Received          $23,794,149             $16,906,627
Net Income                          23,147,752              16,192,184
Net Income Per Unit                   $ 2.52                  $ 1.77
Distributions Per Unit                $ 2.50                  $ 1.80


The average price for gas sold under the lower royalty rate agreement
increased by 43.9% from 1.5216 Euro cents per Kilowatt hour ("Ecents/Kwh")
to 2.1900 Ecents/Kwh. Overall gas sales under the same agreement increased
by 1.6% from 41.909 billion cubic feet ("Bcf") to 42.563 Bcf.  The average
price for gas sold under the higher royalty rate agreement increased 38.5%
from 1.4738 Ecents/Kwh to 2.0417 Ecents/Kwh.  Gas sales under the same
agreement declined by 3.9% from 18.325 Bcf to 17.613 Bcf.  Based on the
transfer from Germany of royalties received under the higher and lower
royalty rate agreements, the average value of the Euro for the quarter just
ended increased 4.8% and 2.9%, respectively, to a dollar equivalent of
$1.2631 and $1.2615, respectively. Using the average value for the Euro to
convert German gas prices into more familiar terms yields average gas prices
for the higher and lower royalty rate areas respectively of $7.42 and $7.75
per Mcf.


Compared to the prior year, Trust expenses for the third quarter of fiscal
2006 increased 2.6% to $225,639.  Trust expenses for the nine-month period
were virtually unchanged when compared to the prior year's equivalent period,
rising less than 1% to $754,975.

Contact --  John H. Van Kirk, Managing Trustee, or John R. Van Kirk,
Managing Director, telephone: (732) 741-4008, e-mail: NEORT@AOL.Com,
website: www.NEORT.com.